High-speed railway to Kazan rose by 100 billion rubles.

The first Vice-Premier of the Russian Railways Alexander Misharin sent to the Ministry of transport revised data (there is a) the cost of construction of high speed railway (HSR) “Moscow – Nizhny Novgorod-Kazan”. The total capital cost of the project increased compared with calculations 2014 at 131 billion rubles to 1 trillion rubles. 199,5 as a result, the monopoly asking for more money from the Federal budget for its implementation — 643 bn and not 505 billion two years ago.

The growth of expenditure confirms the officer of the government. The press service of the RZD, Ministry of transport and the representative of the Vice Prime Minister Arkady Dvorkovich has not yet responded to the request.

The increase in project cost due to inflation and fluctuations of the ruble, says Misharin. The influence of these factors was stronger than the economies of new technological solutions, which Russian Railways is ready to use in the construction of CSM, said in the letter.

The main reason of growth of the estimates of delays with its implementation, explains the employee of the Railways. According to him, if the project started to implement in 2014, then the appreciation could be avoided. “Essentially the building itself is not imitated, and the increased cost of money, including the borrowing that you want to attract. Plus inflation,” explains a source in RZD. According to him, the project is one of the cheapest in the world in dollar terms.

The total length is 770 km, one kilometer of construction will cost 1.4 billion.

To build a high speed railway from Moscow to Kazan was planned by 2018 by the FIFA world Cup. However, the Finance Ministry refused to allocate from the Federal budget subsidies for the construction and 100 billion rubles from the national welfare Fund. Prime Minister Dmitry Medvedev supported the decision.

Consultation on the feasibility of the project is still going on, the money requested in the budget for him, no, says the officer of the government. According to the employee of the Ministry of Finance, authorities are still doubts whether the road now. Updated figures on the project in the Ministry has not yet been reported, he said.

In the documents of Russian Railways said that the beginning of construction is planned for 2017, completion in 2020. About this earlier said the transport Minister Maxim Sokolov.

Design the road the Russian-Chinese-led consortium with JSC “Mosgiprotrans”, with the participation of JSC “Nizhegorodmetroproject” and CREEC (China Railway Eryuan Engineering Group Co. Ltd.). Design work should be completed in 2016. Masarin said that for these purposes it is planned to spend 23 billion rubles.